revenue. However, the net profit margin has dropped slightly mainly due to the increase in cost from the Company, which started fully realizing the depreciation from the new factory building in Q1/2018

has better control of the production cost especially in the automotive parts, milk and yogurt packaging segments. As a result, the production process became more efficient and losses were reduced. But

Revenue from project works and services 336.70 364.47 (27.77) (7.62) Total Revenue from Sale and Services 1,025.86 1,018.36 7.50 0.74 Cost of sales of goods 489.49 456.91 32.58 7.13 Cost of project works

from project works and services 68.44 80.96 (12.52) (15.46) Total Revenue from Sale and Services 225.02 248.60 (23.58) (9.49) Cost of sales of goods 108.49 118.22 (9.73) (8.23) Cost of project works and

the previous year, the company had a profit from the sale of investments in subsidiaries in the amount of 246.78 million baht. 3. Distribution cost increased by Baht 0.87 million. 4. Financial cost

million baht. As a result, the expense to income ratio (Cost-to-Income Ratio) this year increased to 39.7%, driven from the expansion of subsidiaries in overseas. However, the Company will be able to manage

17,058 Other income from the insurance claim 0 89,560 0 0 Foreign exchange gain 12,235 0 1,424 0 Other incomes 6,396 26,995 13,484 24,174 Total revenue 109,341 350,842 306,785 336,761 Expenses Cost of

748,801 1,231,252 Profit (loss) before finace cost and income tax expense 230,622 223,434 24,562 (859,392) Finance costs (45,628) (27,150) (41,169) (82,690) Income tax (expense) benefit (29,557) 62,830

processed food for domestic market. GFPT Public Company Limited Interim Management Discussion and Analysis for the 2nd Quarter 2018 Page 4 of 13 Cost of Sales and Gross Profit Cost of sales for 2Q2018 was THB

selling price of processed food for domestic market. GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2019 Page 4 of 13 Cost of Sales and Gross Profit Cost of sales